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Ojai Community Bank opens South Coast outpost

By   /  Thursday, October 23rd, 2014  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Ojai Community Bank opens South Coast outpost

Santa Barbara’s newest banking office, Santa Barbara Community Bank, opened its doors quietly on Oct. 22.

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Clean Diesel chairman resigns, metals industry veteran steps in

By   /  Tuesday, September 30th, 2014  /  Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Clean Diesel chairman resigns, metals industry veteran steps in

Shares of Clean Diesel Technologies closed down 5.5 percent on Tuesday, after the company announced that Alexander “Hap” Ellis III had resigned as chairman and that board member Charles Engles had taken over the position. Ellis resigned to focus more time on RockPort Capital, the venture capital firm of which he is a partner, Clean Read More →

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Qualstar shares sink on $5.6M loss

By   /  Monday, September 29th, 2014  /  Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Qualstar shares sink on $5.6M loss

Qualstar cut its annual loss to $5.6 million — almost half of what it had been a year earlier — but investors weren’t happy with the company’s slow progress as it struggles to return to profitability. Shares of Qualstar plummeted 6.9 percent to close at $1.21 on Sept. 29 after the company reported its fiscal Read More →

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$86.2M Sientra IPO plumps up public-company ranks

By   /  Friday, September 26th, 2014  /  South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on $86.2M Sientra IPO plumps up public-company ranks

With Santa Barbara-based breast implant maker Sientra’s Sept. 19 announcement that it plans to raise up to $86.2 million, the IPO has returned to the Tri-Counties in a big way. Sientra’s filing is the fourth initial public offering announced in the region this year, joining completed deals at Goleta-based Inogen and Santa Barbara-based Resonant for Read More →

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TechXpress acquired for $1.6M

By   /  Monday, September 22nd, 2014  /  Central Coast, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on TechXpress acquired for $1.6M

San Luis Obispo-based TechXpress is being split up and sold for $1.6 million in cash and stock.

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Calavo posts record Q3, launches FreshRealm

By   /  Thursday, September 18th, 2014  /  Agribusiness, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo posts record Q3, launches FreshRealm

Calavo Growers reported record third-quarter earnings, shattering analyst expectations. The Santa Paula-based produce marketer earned $16 million, or $1.02 per share, in the third quarter, up from $6.4 million, or 43 cents per share, a year earlier. it said in Sept. 15 filings. On average, analysts had been expecting earnings of 46 cents per share, Read More →

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Limoneira Co. chairman dies at 76

By   /  Sunday, September 14th, 2014  /  Agribusiness, Top Stories, Tri-County Public Companies, West Ventura County  /  5 Comments

Alan Teague, longtime chairman of Ventura County agribusiness giant Limoneira Co., has died at age 76.